Tag Archives: developers

The Arbor Residences Pool Deck

Arbor Residences Announces Construction Completion Date in 2024

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The Arbor Residences in Miami

The Arbor Residences, a high-end real estate development in Miami, Florida, presents a unique investment opportunity. This project, located at 3034 Oak Avenue in the prestigious Miami-Dade County, is now under the management of Arbor Grove Development LLC, following a strategic transfer of ownership from 3034 Oak Park LLC.

Originally launched in 2017, this five-story development faced challenges, leading to a halt in construction. However, with the new management, the project is back on track, aiming for completion by the third quarter of 2024. This turnaround story is typical of Arbor Grove Development LLC, known for successfully reviving projects on the brink of failure.

The Arbor Residences offer 45 luxury units, with sizes ranging from 1,450 to 3,000 square feet. The pricing starts at $1.4 million, a significant increase from the initial $799,000, reflecting the dynamic changes in the housing market over the past six years. This price adjustment also indicates a strong market demand and potential for substantial investment returns.

The development boasts high-end amenities, including a swimming pool, fitness center, and lounge, catering to an affluent clientele. The project’s location in a sought-after area of Miami enhances its appeal, making it an attractive proposition for investors looking to capitalize on luxury real estate.

The Arbor Residences Pool Deck

As a hedge fund manager, this project offers a compelling investment opportunity. The combination of a strategic location, luxury amenities, and the potential for high returns, especially given the project’s recovery and growth trajectory under new management, makes The Arbor Residences a noteworthy addition to any investment portfolio.

Behar Font & Partners, a renowned architectural firm based in Coral Gables, is behind the design of The Arbor Residences. Their involvement adds an extra layer of credibility and aesthetic appeal to the project. With 36 active projects, their expertise in luxury residential developments is well-established.

New Construction Tower Announced in Miami

Plans for New Residential Project in Miami Announced

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New Construction Tower Announced in Miami

In Miami’s Flagami neighborhood, south of Miami International Airport, a developer has plans for a brand-new residential development.

At 5645 Southwest Eighth St., The Richman Group and its affiliates have planned Parkview, a nine-story structure with 120 units, a rooftop pool and amenity deck, and parking for around 194 vehicles.

The proposal was recommended for approval along with a few recommendations by the city’s Urban Development Review Board.

According to Marissa A. Neufeld, an attorney for the developer, the land is divided into three parcels and is bordered to the north by an alley, to the west by an existing commercial complex, to the south by Southwest Eighth Street, and to the east by Southwest 56th Avenue.

Ms. Neufeld noted in a letter to the city that the project will contain a combination of parking for cars and bicycles and that the land is near several forms of public transportation and a major downtown thoroughfare, Southwest Eighth Street.

Behar Font & Partners are the project’s designers.

The property is a terrific location, and although it’s a smaller development it has some extremely fascinating elements, Behar & Font’s Javier Font told the board. According to him, the property features stunning views, including J. Fritz and Frances Gordon Park, which is directly south and across the street.

According to Mr. Font, the structure will have a smaller scale, a lot of glazing, and larger balconies, giving it a more horizontally linear appearance. A fully functional gym, a clubroom, a lobby, and coworking spaces will be available on the ground floor. The pool deck and some residential units are on the ninth story.

St. Regis Residences Sunny Isles Beach

One Step Closer to Breaking Ground at St. Regis Residences Sunny Isles Beach

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St. Regis Residences Sunny Isles Beach

A utilities agreement between Fortune International Group and Château Group has been reached, allowing the St. Regis Residences Sunny Isles Beach, a two-tower residential complex planned at 18801 Collins Avenue in Sunny Isles Beach, to begin construction.

The utility agreement, which was signed on March 15th states the amenities, unit count, and parking.Patricia Anastassiadis, a designer based in So Paulo, and Arquitectonica are the interior and landscape architects listed for the project

Two 62-story towers are planned by the developers, which will be taller than any structures in the Sunny Isles Beach neighborhood. First to be finished, the 175-residence St. Regis Residences South Tower. The north tower can rise to 744 feet above ground level or 750 feet above sea level, according to FAA licenses that were approved in March 2022. The south tower is allowed to rise to 739 feet.

These heights will match the proposed height of the nearby Bentley Residences, making the north tower the tallest structure in the neighborhood based on roof height. La Playa Beach Associates LLC, a partnership between Chateau Group and Fortune, is the owner of the 4.7-acre property at 18801 Collins Avenue, which is situated on 435 linear square feet of shoreline property.

The shapes of the towers, which were influenced by the elliptical path of the Earth, convey a feeling of harmony with the natural environment. The project’s enormous curve is given a deeper significance while also creating a distinctive form that contrasts with the city skyline. The floor-to-ceiling windows of the apartments, which provide stunning views of the ocean, city, and Intracoastal, as well as the fine choice of materials and finishes, all bear witness to the meticulous attention to detail and skilled craftsmanship.

In less than six months, the property has already reached $750 million in reservations. The floor-plans for the units will range from 2,000 to 5,600 square feet for two to five bedrooms, as well as 6,600 to over 10,000 square feet for Sky Villas and Penthouses.

Residence Features:

  • Spacious floor plans boasting unobstructed ocean, city, and Intracoastal views
  • Ceiling heights clearing 10ft in regular units and 12ft in penthouses
  • Fully finished with flooring and closets
  • Private elevator and entry foyer in all residences
  • Service elevators
  • Italian designed kitchens with Quartz countertops
  • Miele appliances including wine cooler
  • Walk-in closets in all primary bedrooms
  • Laundry rooms with full-size washer and dryer
  • Smart home technology ready
  • Service quarters in select residences
  • Full floor residences with spacious floor plans
  • East and West terraces with pool on the east
  • Spacious terraces with luxurious private pool and jacuzzi
  • Summer Kitchen
  • Custom-designed Italian cabinetry
  • Graciously appointed primary suits and separate service quarters with separate entrance
  • Stunning, 360-degree views of the Atlantic Ocean and Intracoastal Waterway
  • Indoor BBQ
  • Indoor/Outdoor living space

Tower Amenities:

  • Managed by the St Regis Hotel Company, without hotel premises.
  • Grand entry driveway and 2-story porte-cochere
  • Impressive two-story lobby
  • 10 Guest Suites per Tower
  • Concierge Services
  • Pet-friendly and much more
  • Private beach facilities
  • Oceanfront and sunset pools
  • A signature restaurant
  • Wellness center
  • Spa
  • Athletic club

The construction plans show 1,000 parking spots available for residents and the starting price for units begins at $3.5 million. The project is expected to begin in 2023 and be delivered in 2026.

If you or someone you know have an interest in purchasing at St. Regis Residences Sunny Isles Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

New Development in Brickell Westpine

New Development Announced in Brickell-Westpine

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New Development in Brickell Westpine

Westpine, a 43-story residential tower, has just had its plans submitted in Brickell. Westpine will have a 474-foot high peak and will feature 328 residential units, 1,155 square feet of retail, and 357 spaces for parking.

A multifamily building with 24 units that was built in 1964 is currently on the 0.7-acre site.

Westpine Brickell LLC is listed as the developer and Behar Font Partners as the architect. Westpine Brickell LLC, an affiliate of Westpine partners originally purchased the site for $11.53 million.

Instead of being referred to the City of Miami for review under city zoning regulations, the project was submitted to the Miami-Dade County Planners for review under their Rapid Transit Zoning Metromover Subzone.

On December 9, a pre-application meeting with county planners was sought.

Brickell, also known as the Financial District of Miami, is home to a large number of international banks such as HSBC, Espirito Santo Bank, and Banco Santander.

These Brickell Miami banks are predominantly located along Brickell Avenue – the main thoroughfare running through Brickell Miami and extending north to south from the Brickell Avenue Bridge to the Rickenbacker Causeway.

Brickell Miami is considered to be one of South Florida’s most prestigious neighborhoods and is a perennial favorite place to live among affluent, young professionals. 

URBIN Miami Beach by Location Ventures

Location Ventures Breaks Ground on URBIN Miami Beach

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URBIN Miami Beach by Location Ventures

URBIN Miami Beach has officially broken ground. With developer Location Ventures, the achievement signifies the start of construction for the first-to-market mixed-use brand, which mixes design-forward residential units for short- or long-term rental with coworking spaces, wellness amenities, social activations, and lifestyle-oriented retail, all at one central address.

For the official groundbreaking event, which took place at the project site, 1260 Washington Ave., Location Ventures, development partners, and city representatives, Miami Beach Commissioner Alex Fernandez, Washington Avenue Business Development Executive Director Troy Wright, and Miami Beach Mayor Dan Gelber were among the distinguished visitors.

The URBIN brand portfolio’s initial property, URBIN Miami Beach, has a second location in Coconut Grove, with ambitions to expand to other U.S. cities. Once completed, URBIN Miami Beach will be a 69-unit tower with a number of wonderful amenities.

The development sold out quickly and drew a wide range of buyers from Latin America and Europe. 90% of the homes at URBIN Coconut Grove have already been sold, and construction is scheduled to begin at that location in 2023.

The fully furnished units at URBIN Miami Beach range in size from 275 square feet for studios to 1,334 square feet for four bedrooms with partial ocean views. Community, collaboration, and networking will be facilitated via shared spaces, such as a common kitchen, dining area, and living room. Exclusive access to a lease-back arrangement allowing up to 90 nights per year on the property will be available to unit owners only.

Tower Amenities

  • Valet parking
  • Concierge
  • Housekeeping
  • Room service
  • Rooftop bar and lounge with green spaces
  • Wellness center
  • Gourmet market
  • Cafe
  • Bar

Rishi Kapoor, CEO of Location Ventures, stated “Following enormous sales interest, we are pleased to commence the construction process for the first URBIN location at a ripe point in Miami Beach’s history.” The rapidly developing, storied Washington Avenue sector will benefit from this property’s integration of living, working, and wellness into one space.

Touzet Studio, headed by Carlos Prio-Touzet and Jacqueline Gonzalez-Touzet, created URBIN Miami Beach. The building’s exterior will reflect the whimsical spirit of Miami Beach by incorporating geometric patterns and hues that are common to the area and paying homage to its Art Deco past.

The interiors of its communal areas and amenities were chosen by Meyer Davis, a renowned New York City design firm. The home is located in the largest Art Deco neighborhood in the world, two blocks from the ocean, and close to Ocean Drive and Lincoln Road.

Gallery at Lummus Parc

Related Group Requesting Permission to Develop Mixed Use Project on Miami River

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Gallery at Lummus Parc

The Related Group’s affordable housing division, Related Urban Development Group, is requesting permission to develop a mixed-income housing development on Miami-Dade County property close to the Miami River.

The ground lease and development agreement with the Miami-based developer for the 1.05-acre site at 395 N.W. 1st St. and 25 N.W. River Drive will be up for consideration by the County Commission on September 1. There is a two-story county office building there right now.

The site is close to Interstate 95 to the west, Flagler Street Bridge to the north, and Lummus Park to the south.

In January 2021, the county released a request for proposals (RFP) to find a developer for the land, and Related Group was selected as the successful bidder.

The developer would lease the land from the county under the proposal for 75 years in exchange for a $1.54 million down payment and annual fee equal to 16.5% of the project’s revenue flow. Over the course of the lease’s 75-year term, the county calculated that the payments would total $238.8 million.

The Gallery at Lummus Parc was a project that Related Group predicted would cost $151.7 million to complete.

It would include 439 apartments in two 30-story towers, as well as 5,400 square feet of retail space, a 478-place parking garage, and a cultural installation showcasing Lummus Park’s heritage. An overpass over Northwest First Street would connect the towers.

On the eleventh floor, there would be an amenities deck with a pool, a club room, a workout facility, Zoom rooms, a game room, and a lounge.

Some of the apartments would have cheaper rents and be income-restricted. According to the agreement, 20% of the flats would be reserved for residents earning up to 50% of the area median income and another 20% for residents earning up to 140%. There would be no constraints on income for the remaining flats.

Miami’s average household income is $44,268. The Gallery at Lummus Parc is anticipated to fill some of that demand as local workers have found it more and more difficult to afford residences in the city due to recent double-digit rent increases.

The sizes of the flats would be between 495 and 1,220 square feet. There would be 28 three-bedroom homes, 99 studios, 177 one-bedroom units, and 135 two-bedroom units.

The Related Group representatives declined to comment. According to the proposal, a federal opportunity zone investment fund, Charlotte, North Carolina-based Grandbridge Real Estate Capital, and low-income tax credit equity from JPMorgan Chase and Raymond James would all contribute to the project’s partial funding.

The concept was created by Miami-based CFE Architects. The developer is represented in the application by Miami attorneys Terry M. Lovell and Al Dotson Jr.

Aria Reserve Announces Ground Breaking

Groundbreaking Scheduled for Aria Reserve Miami

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Aria Reserve Announces Ground Breaking

The groundbreaking for the long-awaited Aria Reserve in Edgewater has finally been scheduled. With the announcement of the groundbreaking also comes the announcement of sales launching for the second tower.

Aria Reserve will rise 62 stories tall reaching 627 feet, making it the tallest dual waterfront residential development in the United States. The project will feature two towers, each with 390 units and 1,608 parking spaces.

Sales for Aria began in June 2021 for South Tower and since the launch, its sales have been very successful. According to the Melo Group, over $40 million of all 12 penthouses have sold within the first 90 days of the launch. Now more than 90% of the units have sold with a total sales of over $600 million.

Construction deposits include a 30% deposit for all U.S. buyers and a 40% deposit for all international buyers. According to the developer, more U.S. buyers have purchased penthouses but overall units, the buyers have been half from Latin America and the other US buyers.

Residential units begin at $750,000. Although sold out, the penthouses started at $12 million. Units will feature 1 to 4 bedroom floorplans with 1,100 to 2,600 square feet of options. The penthouses themselves range from 3,500 to 9,000 square feet with each of them featuring a 3-car garage.

Tower Amenities:

  • 2-acre recreation deck
  • Lap pool and spa
  • Gaming center
  • Playground
  • Tennis courts
  • Basketball courts
  • Paddle courts
  • Miniature golf course
  • Wellness center
  • Gym
  • Meditation Garden

Residence Features

  • Unobstructed views of Biscayne Bay and Ocean
  • Finished residences with two flooring options
  • All residences include 2 high-speed elevators
  • All residences include an office/media room
  • All residences are sunrise-sunset flow-through from East to West
  • 3-month seasonal rentals allowed up to 4 times per year

The Aria Reserve groundbreaking ceremony is set for May 16, 2022. If you or someone you know have an interest in purchasing at Aria Reserve, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

St. Regis Residences Miami

St. Regis Residences Miami Releases Tower Amenities and Residence Features

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St. Regis Residences Miami

In December 2021, developers, The Related Group and Integra Investments announced the newest twin condominium towers, the St. Regis Residences Miami. Since then, little information about the project was released but today the tower amenities and residence features are officially out and they are impressive!

On a beachfront affordable housing site at on 1809 Brickell Avenue, the St. Regis Residences will rise 47 and 48 stories tall. The site itself will span over 3.16 acres with over 50,000 square feet of amenities.

Tower Amenities

  • 40,000 square feet of amenity space
  • On-premises ground floor, fine dining restaurant
  • Exclusive beach club access
  • Park-like grounds and lush terraces
  • State of the art media room
  • Business center with coffee bar and conference rooms
  • Children’s entertainment room
  • Teen video game lounge
  • Programmable golf simulator
  • Salon equipped for all beauty services
  • Pet spa, grooming and dog walking services
  • Private, secure climate controlled storage
  • Private marina
  • Fully equipped fitness center
  • Relaxation and juice bar
  • Indoor lap pool and cold plunge pool
  • Pilates and yoga studio
  • Salt spa room
  • Dual saunas and steam rooms
  • State of the art treatment room
  • Bayfront infinity pool and whirlpool with private cabanas
  • Poolside bar and cafe
  • Bayfront garden with seating area
  • St. Regis Butler service and in-room dining
  • St. Regis housekeeping services
  • St. Regis global membership privileges

31st Floor Sky Lounge

  • Double-height bar and lounge with water views
  • Signature St. Regis Cognac Room
  • Traditional St. Regis Tea Room
  • Billiards room
  • Catering Kitchen

Technologies

  • Keyless residential entry
  • Smart home climate and lighting control systems
  • State of the art fiber optic WI-FI service throughout residences and amenities
  • Easy to use St. Regis residents-only app

The luxury units are expected to range from 1,300 to 7,000 square feet with prices starting at $2 million with 354 available units.

The Residences

  • Private elevator and entry foyer to each residence
  • Double door entry in select residences
  • 11 foot ceilings with integrated linear diffusers in living areas
  • Custom European marble flooring throughout
  • European solid wood doorways
  • All homes feature a powder room and laundry room
  • Integrated smart home technology

Kitchens

  • Gourmet kitchen with custom Italian cabinetry designed by Rockwell Group
  • Marble countertops and backsplashes
  • Fully-integrated Sub-Zero and Wolf appliance packages, including:
    • Paneled refrigerator
    • Paneled freezer
    • Full-height wine refrigerator
    • Convection oven
    • Steam oven
    • Microwave
    • Dornbracht fixtures

Primary Suites and Bathrooms

  • Oversized walk-in closets
  • Midnight bar and butler’s pantry
  • Split marble top vanities with Dornbracht fixtures
  • Oversized marble showers and free-standing bathtubs
  • Private water closets with Toto toilets

The same architect who designed 220 Central Park South and 30 Park Place in New York will be the designer for this twin tower 354 unit development, Rober A.M Stern Architects. The interiors will be designed by the Rockwell Group, a New York-based design firm that is also responsible for NEMA and Treehouse Hotel.

Related and Integra expect a $2 billion sellout once the St. Regis Residences have been completed. The sales center is expected to launch in 2022 simultaneously with the sales. The ground breaking is expected to occur in 3rd quarter of 2022.

White House Inn Motel

Notable Real Estate Developers Purchase the White House Inn Property in North Miami

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White House Inn Motel
Location for the Related Group's Newest Tower

Teddy Sagi and Jorge Pérez, Miami’s most notable real estate investors, have chosen their second South Florida property to invest in: the White House Inn at the gateway to North Miami. What once was a motel that opened its doors in 1969 later became a dilapidated building that saw many problems throughout the years, which later closed in 2014.

Along with BH Group, Pérez’s Related Group, and Sagi’s LabTech Investments Limited are teaming up to buy the waterfront property located at 2305 Northeast 123rd Street.

The 1-acre property is expected to be redeveloped into a luxury apartment complex that would cost around $85 million. Sagi and Pérez are expected to close on the $11 million sale next week.

The North Miami property was sold by a firm led by Mario Murgado, the owner of Murgado Automotive Group for $7.8 million in 2014. Murgado planned to demolish the White House Inn and replace it with a seven-story Ocean Cadillac dealership with a self-contained parking structure, top-floor showroom, and ground-floor restaurant.

Local residents were outspoken in their opposition to the dealership, fearing that it would bring a flood of traffic to the neighborhood. Later Murgado proposed an 11-story tower, Biscayne Harbour, that was approved by the city council but was never finished.

“One of those rare bayfront sites that’s gone underutilized for far too long,” and that the partnership plans to give North Miami “the entrance it deserves,” according to Pérez.

Not only is Pérez known for his work with the Related Group but he is a big player in the residential market as well. In July, he sold his Coconut Grove mansion for $33 million. Pérez also sold his Apogee Beach penthouse for $6 million.

Onda Residences Groundbreaking Scheduled

Groundbreaking for Onda Residences Officially Scheduled

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Onda Residences Groundbreaking Scheduled

The long-awaited Onda Residences has officially set a groundbreaking date for the beginning of November. According to a press release, the groundbreaking will take place on November 3 at 10:30 am located at 1135 103rd Street in Bay Harbor.

‘Onda Residences will rise 8 stories tall along the shore of Bay Harbor Islands. The tower is designed by award-winning architect Bernardo Fort-Brescia that will harness Italian-style finishes.

‘Onda’ itself in Italian means wave, and that’s exactly the effect the tower will have once seen off the shore. Developers include Ugo Colombo of CMC Group and Valerio Morabito of Morabito Properties. The lush landscaping will be designed by Enzo Enea who is responsible for the projects One Ocean and Icon.

This boutique waterfront tower will provide more than 300 feet of bay frontage with a private marina and views of Biscayne Bay and the Atlantic Ocean. The 41 luxury residences feature 2 + den to 4 bedroom options from 1,809 to 3,523 square feet floor plans. There are also 4 penthouses currently available as well.

Construction Information

  • Developers: Ugo Colombo and Valerio Mortabito
  • Interior Design: Carlo y Paolo Colombo
  • Architect: Bernardo Fort-Brescia

Residence Amenities

  • 2 Bedroom + den (1,809 square feet) to 4 bedroom + den (3,523 square feet)
  • 4 penthouse options
  • Spacious terraces available

Amenities

  • Private Marina with 15 boat slips ranging from 36 to 60 feet
  • Direct ocean access through Haulover inlet
  • Watersports launch dock with available kayaks, paddleboards, and inflatables
  • Covered valet drop-off
  • Personal parking spaces in a fully enclosed garage
  • Electric vehicle charging stations
  • Bicycle storage
  • Secured individual residential storage space
  • Front desk reception
  • 24-hour security video surveillance
  • 24-hour valet
  • Wi-fi available throughout all public spaces
  • FTTH (fiber to the home) for voice, video, and high-speed internet
  • Integrated digital concierge

Pricing

  • Price ranges from $1.8 million to $9.5 million
  • HOA is $1.29/sf
  • Deposit Breakdown:
    • 10% with Reservation
    • 10% at Contract
    • 10% at Ground Breaking
    • 10% at Top Off (summer 2022) /
    • 60% at Closing

Construction is expected to be complete in early 2023. Onda is also at 60% pre-sold and a majority of the buyers are domestic.